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is j.p. morgan. the rubble of my country sent me this link and i think it's an important one to look at for two thousand and thirteen banking thousands of customers switched their account out of the big five these are the big five british banks many of them owned by the taxpayer but apparently. actually people are moving their accounts out of there out of anger about libel or manipulation about the bailouts about the corruption about the drug running about the money laundering about the dealing with the enemy and credit unions small usually locally based savings groups have attracted almost twenty thousand new accounts in the past six months and building society saw seventy eight thousand new accounts and a huge surge was following the libel or manipulation scandal oh it's great to see people angry enough to move their money but when push comes to shove the government and the big five banks won't be allowed to acquire these other institutions as they need to acquire deposits to offset the fact that t
is j.p. morgan. the rubble of my country sent me this link and i think it's an important one to look at for two thousand and thirteen banking thousands of customers switched their account out of the big five these are the big five british banks many of them owned by the taxpayer but apparently. actually people are moving their accounts out of there out of anger about libel or manipulation about the bailouts about the corruption about the drug running about the money laundering about the dealing...
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morgan now had twenty seven percent of the compromise. yeah well you know most of j.p. morgan's horning going on happens right here in london under the auspices of life masters you know we think of blith masters the first thing that comes to my mind is horror thing and her attempt to corner the market in all these vital commodities while her bank simultaneously runs up those three hundred year. bubble high in bonds yeah ok we're going to actually turn to blith masters in a moment but i want to point out that opec itself does not use the spot market to price their oil products because they said that's open to manipulation they use futures the instead so here you are allowing j.p. morgan to enter this spot market essentially the physical market and rig copper prices they now control twenty seven percent of the copper market with this new fund and black rock is seeking approval of their fund which will be twice as big as j.p. morgan's and this but blythe masters however let's turn to zero zero most two years ago february two thousand and eleven when you spoke to peer giova
morgan now had twenty seven percent of the compromise. yeah well you know most of j.p. morgan's horning going on happens right here in london under the auspices of life masters you know we think of blith masters the first thing that comes to my mind is horror thing and her attempt to corner the market in all these vital commodities while her bank simultaneously runs up those three hundred year. bubble high in bonds yeah ok we're going to actually turn to blith masters in a moment but i want to...
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goldman sachs you had it out with j.p. morgan. you basically can say you don't take any risk because you're flat and the more business you do because you get paid a percentage of the volume you do then all you need to do is do as much volume as you can and it becomes a volume business rather than a risk business ok let me jump in there if it's a volume business and not a risk reward business then that would we understand then why there's an emphasis on things like high frequency trading and algorithmic trading because you just pushing volume through the system to make the commissions to make those spreads but you're doing so riskless slee and you're actually destroying liquidity and destroying the markets in a lot of way because in a real buyer seller shows up there's no real counter party to take that trade you end up again returning to the ash or ask like hola graham that are these markets where capitalism is dying but jamie diamond j.p. morgan goldman sachs our royal bank of scotland barclays are siphoning off the cash and the
goldman sachs you had it out with j.p. morgan. you basically can say you don't take any risk because you're flat and the more business you do because you get paid a percentage of the volume you do then all you need to do is do as much volume as you can and it becomes a volume business rather than a risk business ok let me jump in there if it's a volume business and not a risk reward business then that would we understand then why there's an emphasis on things like high frequency trading and...
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Jan 17, 2013
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blockbuster earnings from j.p. morgan, and goldman sachs. but will they be able to keep up the pace? >> tom: i'm tom hudson. the growing concern over america's ability to pay its i.o.u.s is turning into a debate over the defition of a "debt default." why washington's wrangling could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."! >> tom: we begin with banking. two giant financial powerhouses reported big gains in fourth quarter earnings today. j.p. morgan chase booked its third straight year of record profits. and goldman sachs reported fourth quarter earnings that were almost triple the same period a week ago. erika miller reports. >> reporter: before we get to jp morgan's profits, let's talk about the earnings of it's c.e.o., jamie dimon. the board cut his pay in half as punishment for a more than $6 billion loss at j.p. morgan's london trading desk. but dimon will still pocket a $10 mi
blockbuster earnings from j.p. morgan, and goldman sachs. but will they be able to keep up the pace? >> tom: i'm tom hudson. the growing concern over america's ability to pay its i.o.u.s is turning into a debate over the defition of a "debt default." why washington's wrangling could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more...
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Jan 16, 2013
01/13
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CNBC
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morgan or goldman sachs? >> as i said we have an outperform recommendation on j.p. morgan. i think goldman sachs quarter, while it was very, very good, my sense is that there is some concern about sustainability of those revenues for goldman sachs and its ability to maintain double-digit returns on equity. so at this point, we like j.p. morgan more than goldman sachs. >> fair enough. matt, thanks a million. good to see you. >>> ty, over to you. >> reaction to the president's gun proposals. and debt talks. we will tackle those when we come back. plus plus, an exclusive with the ceo of lululemon. find out what the retailer is doing to take advantage of changes. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or dou
morgan or goldman sachs? >> as i said we have an outperform recommendation on j.p. morgan. i think goldman sachs quarter, while it was very, very good, my sense is that there is some concern about sustainability of those revenues for goldman sachs and its ability to maintain double-digit returns on equity. so at this point, we like j.p. morgan more than goldman sachs. >> fair enough. matt, thanks a million. good to see you. >>> ty, over to you. >> reaction to the...
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Jan 17, 2013
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j.p. morgan's london trading desk. but dimon will still pocket a $10 million bonus. add on $1.5 million in salary, and his total compensation was $11.5 million last year. >> we don't think it's inappropriate, what the board did. but at the end of the day jamie dimon is still doing pretty well for himself. he's not exactly living out of a refrigerator box on park avenue. >> reporter: at the same time, j.p. morgan's fourth quarter earnings rose by more than 50% in the fourth quarter, to $1.39 a share. that was better than expected. j.p. morgan, wells fargo, and other retail banks are benefiting from an improving housing market. >> it's a large factor. i mean, some companies are seeing mortgage growth of 50% over a year ago. it's a major factor. also, refinancing activity is very high right now. as housing prices have increased, that's allowed more people to qualify to refinance their loans. >> reporter: but goldman sachs is a different story. it deals almost exclusively with institutions, no
j.p. morgan's london trading desk. but dimon will still pocket a $10 million bonus. add on $1.5 million in salary, and his total compensation was $11.5 million last year. >> we don't think it's inappropriate, what the board did. but at the end of the day jamie dimon is still doing pretty well for himself. he's not exactly living out of a refrigerator box on park avenue. >> reporter: at the same time, j.p. morgan's fourth quarter earnings rose by more than 50% in the fourth quarter,...
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morgan that goes into the futures market and sells you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some finance and do with and it was purely a page and it's very. if you're a futures try to sit in the pit and j.p. mode come in and so a big lump of silver you don't know with their proprietary days you don't know with a hedge you know some sort of loan agreement where they've let the mining company some money and they've had to forward hedge out some production you don't know what drives the deal we can see is them doing it you have absolutely no idea behind what driving the transaction they did the industry the mining industry silver gold mining they need to hedge their output to lock in prices and to get some predictability in the earning stream. variable i would look at like american barrett big gold miner for example they have gotten rid of all their edges there they've cancelled their heads and their net buyers of gold in this market and we've seen in the last three or four years so i unders
morgan that goes into the futures market and sells you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some finance and do with and it was purely a page and it's very. if you're a futures try to sit in the pit and j.p. mode come in and so a big lump of silver you don't know with their proprietary days you don't know with a hedge you know some sort of loan agreement where they've let the mining company some money and they've had to...
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morgan and this which was on the. foreign exchange this was right next door to the gold bullion so we used to actually sit next to these guys and we didn't. to see them taking any big positions and a lot of what they did was customer driven so if it is j.p. morgan that goes into the futures market and sells you know a big lump of suv very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a hage and it's very easy. if you're a futures trader sit in the pit and j.p. mode come in and so a big lump of silver you don't know with their proprietary days you don't know with some of the loan agreement where they let the mining company some money and they've had to forward some production you don't know what drives the deal where you can see is them doing it you have absolutely no idea behind what driving the transaction they did the industry the mining industry silver gold mining they have a need to hedge their output to lock in prices and to get some
morgan and this which was on the. foreign exchange this was right next door to the gold bullion so we used to actually sit next to these guys and we didn't. to see them taking any big positions and a lot of what they did was customer driven so if it is j.p. morgan that goes into the futures market and sells you know a big lump of suv very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a hage and it's very easy. if...
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morgan and this which was on the. foreign exchange this was right next door to the gold bullion so we see that she sit next to these guys and we didn't. to see them taking any big positions and a lot of what they did was customer driven so if it is j.p. morgan that goes into the futures market and sells you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a hage and it's very easy. if you're a futures trader sit in the pit and j.p. move would come in and so a big lump of silver you don't know with their proprietary days you don't know with some of the loan agreement where they let the mining company some money and they've had to forward hedge out some production you don't know what drives the deal where you can see is them doing it you have absolutely no idea behind what driving the transaction they did the industry the mining industry silver gold mining they need to hedge their output to lock in prices and to get som
morgan and this which was on the. foreign exchange this was right next door to the gold bullion so we see that she sit next to these guys and we didn't. to see them taking any big positions and a lot of what they did was customer driven so if it is j.p. morgan that goes into the futures market and sells you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a hage and it's very easy. if you're a...
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j.p. morgan maybe a little bit less. they had some headwinds from the "whale tale" so to speak. > good to have you on the show. that is trader tim biggam of trading block. have a good trading day tim. > > you too. thanks angie. that closes out another edition of first business. coming up tomorrow: films likely to get a financial boost ahead of the oscars. from all of us at first business, have a
j.p. morgan maybe a little bit less. they had some headwinds from the "whale tale" so to speak. > good to have you on the show. that is trader tim biggam of trading block. have a good trading day tim. > > you too. thanks angie. that closes out another edition of first business. coming up tomorrow: films likely to get a financial boost ahead of the oscars. from all of us at first business, have a
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morgan that goes into the futures market and sells you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a page and it's very easy. if you're a futures try to sit in the pit and j.p. mode come in and so a big lump of silver you don't know with their proprietary days you don't know where they hit you know some of the loan agreement where they let the mining company some money and they've had to forward some production you don't know what drives the deal where you can see is them doing it you have absolutely no idea behind what driving the trends that they did the industry the mining industry silver or gold mining they have a need to hedge their output to lock in prices and to get some predictability in their earning strength ok so at variable i would look at like american barrett big gold miner for example they have gotten rid of all their edges there they've cancelled their heads and their net buyers of gold in this market and we've seen in the last three or
morgan that goes into the futures market and sells you know a big lump of. very often or go very often they had a mining company or a custom that they would do it some financing deal with and it was purely a page and it's very easy. if you're a futures try to sit in the pit and j.p. mode come in and so a big lump of silver you don't know with their proprietary days you don't know where they hit you know some of the loan agreement where they let the mining company some money and they've had to...
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. >> chief investment officers at j.p. morgan, $870 billion, but who's counting. riechard's key advice. >> stay in the market. second, facing rotation investment challenges this year. and related to bond yields and emerging markets. third, so-called fallen angels of the credit space. welcome back it "power lunch." we will take those things in just a moment. first, the gdp flash forecast. what do you say? >> i agree with mike on some of this. it sets up for a stronger first quarter growth dynamic in the u.s. if you look through the data, and i know you covered a lot today. consumption is up. create will fearing in the firt quarter. if anything what we came into this year looking for an outlook, we have greater conservative to watch 1 or sub 1 percent growth. we may end up getting more growth. >> let me get to a couple tick points we mentioned a moment ago. one is stay in the market. you pointed out, if you try to wiggle in and out last year you would have cost yourself money. >> i think a lot of it is discipline. everyone wait together for pull back it jump in. if
. >> chief investment officers at j.p. morgan, $870 billion, but who's counting. riechard's key advice. >> stay in the market. second, facing rotation investment challenges this year. and related to bond yields and emerging markets. third, so-called fallen angels of the credit space. welcome back it "power lunch." we will take those things in just a moment. first, the gdp flash forecast. what do you say? >> i agree with mike on some of this. it sets up for a stronger...
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Jan 21, 2013
01/13
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it was a trader at j.p. morgan chase taking huge derivatives. a volatile complex, he built up a dominant position. the hedge fund figured out he had become dominant in that position. they started trading against him. racked up trading losses. it was undetected. they said it was a hedge. i do not believe that. he was just trying to make money. it hurt the bank. it caused a lot of losses. >> if you look back on the crisis, what year would you say? >> it came to a head in late 2008. >> who got hurt? did anybody lose? >> shareholders took losses. they did take dilution of their share. laymen, obviously, they were allowed to go to bankruptcy. that was a failure. smaller banks, the largest banks in our traditional process, their manager lost their jobs, their bondholders took losses. that is the way it is supposed to work. it is a government run bankruptcy. that is supposed happen. when you get in trouble, you and your stakeholders are the ones who are supposed to take the losses, not the government. that is one of the problems of the bailout. those w
it was a trader at j.p. morgan chase taking huge derivatives. a volatile complex, he built up a dominant position. the hedge fund figured out he had become dominant in that position. they started trading against him. racked up trading losses. it was undetected. they said it was a hedge. i do not believe that. he was just trying to make money. it hurt the bank. it caused a lot of losses. >> if you look back on the crisis, what year would you say? >> it came to a head in late 2008....
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morgan chase that for the first time well the investors buy shares backed by physical warehouse copper to use as a form of investment according to economists in america and the obama administration saving is a thing because of somebody one person savings is another person's loss of spending why or why is wall street interested now hoarding vital commodities because they know that as inflation hyperinflation currency collapse rears its ugly head j.p. morgan wants to be in there after having made money and totally destroying the system with the revenue and they want to repeat the trick by totally destroying the economy by horning commodities. because a report coming your way into later here in r.t. well lobby but with more news here in about ten minutes from now and meantime more business and money matters in the latest world of business with tasha she'll be with the very shortly but cyber attacks they reported becoming very big business now throughout the world only to this absolutely. and according to some estimates the global simer cyber crime business is actually worth about twelve b
morgan chase that for the first time well the investors buy shares backed by physical warehouse copper to use as a form of investment according to economists in america and the obama administration saving is a thing because of somebody one person savings is another person's loss of spending why or why is wall street interested now hoarding vital commodities because they know that as inflation hyperinflation currency collapse rears its ugly head j.p. morgan wants to be in there after having made...
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Jan 10, 2013
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j.p. morgan says it will also offer daily values for its money funds, starting next week. >> susie: tom, more green than red here on wall street, a nice break from the losing sessions we've had over the last couple of days. and it's all about earnings. investors are feeling a little more optmistic that the earnings that will be coming up. we have wells fargo on friday and they're feeling that the numbers won't be so bad. >> tom: after all of the big volatility last week, we saw very narrow trading ranges over the past several sessions. not a lot of volatility, digesting the big gains from last week. let's look at tonight's "market focus." the small gains did return to the market after two days. the s&p 500 had another day of a narrow trading range, just 7.5 points. the index finishing higher by 0.3%. 670 million shares traded on the big board. 1.7 billion moved on the nasdaq. the healthcare sector led the gains, up 1.1%. the industrial sector finished higher by 0.9%. yesterday's big loser
j.p. morgan says it will also offer daily values for its money funds, starting next week. >> susie: tom, more green than red here on wall street, a nice break from the losing sessions we've had over the last couple of days. and it's all about earnings. investors are feeling a little more optmistic that the earnings that will be coming up. we have wells fargo on friday and they're feeling that the numbers won't be so bad. >> tom: after all of the big volatility last week, we saw very...
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in the form of a controversial fund designed by j.p. morgan chase that for the first time will the investors buy shares backed by physical warehouse copper to use as a form of investment according to economists in america and the obama administration saving is a bad thing because if somebody one person savings is another person's loss of spending why are why is wall street interested now hoarding vital commodities because they know that as inflation hyperinflation currency collapse rears its ugly head j.p. morgan wants to be in there after having made money and totally destroying the system with the revenue if they want to repeat the trick by totally destroying the economy by hoarding commodities. are the cause report a bit later in the program here on out so you but for now violent clashes between police and protesters have a flared up and once again as operation crowds that went to the funeral of one of the activists the elderly man died after inhaling poisonous gas at a previous rally and the opposition blame security officers for do
in the form of a controversial fund designed by j.p. morgan chase that for the first time will the investors buy shares backed by physical warehouse copper to use as a form of investment according to economists in america and the obama administration saving is a bad thing because if somebody one person savings is another person's loss of spending why are why is wall street interested now hoarding vital commodities because they know that as inflation hyperinflation currency collapse rears its...
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Jan 17, 2013
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yesterday morning we had big boxcar earnings from j.p. morgan and goldman sachs. that was not enough to propel the markets through those levels. i think the market anticipated a lot of this good news ahead of time. so i think we are going to languish around here. you can see by the falling volatility and the complacent markets that we are probably a little ways away from pushing through that level. > what about citigroup and bank of america, which are now going to report in? > > i think those earnings will probably be just like j.p. morgan and goldman sachs. i think they will probably be pretty good. they brought their earnings down to a level where they could beat them. in the banks are doing very well based on the fed policy. so i think they will beat earnings. they probably won't rally too much, because they have already both had a pretty large move. so, the market expectation was that they were going to move, so i think they will probably sit here, and maybe even sell off a little bit on their news. however, i expect the news to be very good. > what is on your
yesterday morning we had big boxcar earnings from j.p. morgan and goldman sachs. that was not enough to propel the markets through those levels. i think the market anticipated a lot of this good news ahead of time. so i think we are going to languish around here. you can see by the falling volatility and the complacent markets that we are probably a little ways away from pushing through that level. > what about citigroup and bank of america, which are now going to report in? > > i...